José Antonio is a cattle rancher. He buys cattle to get calves and put them through the feedlot fattening process. Once they reach the ideal weight, he sells them in local cattle fairs. To do this, he needs to buy new cattle frequently since the fattening period takes several months. He needs a loan for a million colones (¢1.000.000). With this money, he will buy calves to continue with the cattle project. He says he is grateful for the opportunity to obtain this loan easily and comfortably.
José Antonio se dedica a la ganadería, él compra ganado para obtener crías y someterlas al proceso de engorde estabulado, una vez obtenido el peso ideal, lo vende en las ferias ganaderas locales, por esto necesita comprar frecuentemente ganado nuevo ya que la etapa de engorde toma varios meses, necesita un crédito por un millón de colones (¢1.000.000) con este dinero comprará terneros para continuar con su proyecto ganadero. Manifiesta su agradecimiento por la oportunidad de obtener crédito fácil y cómodo.
More information about this loan
As a small and relatively young MFI located in Costa Rica, EDESA has difficulty attracting other sources of capital. Many other microfinance funders do not work in Costa Rica, because overall the country is too rich. However, organizations such as EDESA work with extremely marginalized populations in Costa Rica that really need the access to capital that EDESA provides. By funding EDESA, Kiva lenders are allowing the organization to grow and reach more people than they otherwise would be able to reach.